Intuit has joined together with Tradeshift, a San Francisco- and Copenhagen-based business-to-business platform provider, to make it easier for small and mid-sized businesses to work with trading partners, such as when sending and receiving electronic invoices. By working with Tradeshift, Intuit will be able to connect small businesses to enterprises to help them save time and money.
Today, millions of SMB customers work with large enterprises, which are increasingly asking their suppliers to use electronic trading platforms. By working with Tradeshift, Intuit will dramatically reduce the cost and complexity of connecting its SMB customers with the electronic trading networks of large enterprises.
Intuit’s accounting and payments products, combined with Tradeshift’s electronic trading network, will streamline commerce between Intuit’s large SMB customer base and those on Tradeshift’s electronic trading network. Intuit’s 5 million U.S. small businesses and Tradeshift’s current network of more than 150,000 SMBs together will create one of the largest networks of connected suppliers.
Later this year, customers will be able to use the combined platforms to send and receive trade documents with participating enterprise customers.
Small businesses in the U.K. can take advantage of an in-market app launching today. The app lets users connect their Tradeshift account with QuickBooks Online, helping them save time and keep their accounts up to date.
The free app lets users export Tradeshift invoices to QuickBooks Online to automatically update latest invoice details in their accounts. It also imports customer details from QuickBooks Online to Tradeshift invoices, eliminating the need to re-enter data.
QuickBooks Online, which launched in the U.K. in April 2011, is the world’s No.1 cloud accounting software with more than 399,000 subscriber businesses and 1.3 million users worldwide.